Apple Recap: New iPads, China’s Growth, iPhone 5 Tops Charts

Friday ended in the red for Apple (NASDAQ:AAPL) as the stock fell 0.61 percent to $520.30. Somewhat surprising, considering most catalysts on the day appeared positive on the face. For the week, shares were down 1.27 percent.

Among the day’s more important news, Tim Cook was back to wooing China, while one analyst predicted new iPad launch dates. Here’s your cheat sheet to the day’s top Apple stories:

Two iPads in Two Months

Appleis headed to a twice-a-year product refresh cycle that will result in the company releasing an updated full-sized iPad and the second-generation iPad mini in March, Brian White of Topeka Capital Markets said. White said in a research note that his checks with industry sources at the Consumer Electronics Show had suggested that two iPad versions were on their way to the market barely five months after the tablets were last updated in October. The new 9.7-inch iPad will be lighter and thinner than the fourth-generation model, according to White, while the iPad mini’s processor will receive an upgrade. (Read more)